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IT Security Skills Shortage Means Higher Salaries, More Risks

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IT Security Skills Shortage Means Higher Salaries, More Risks

A new Intel Security study finds the IT security skills shortage is a global issue with no end in sight. Here are critical findings from the study.

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Some Skills in Higher Demand Than Others

According to the study, the top three security skills in demand today are intrusion detection, secure software development and attack mitigation.

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Vast Majority of Companies Lack Sufficient Cyber-security Skills

Around the world, 82 percent of respondents to Intel's study reported a shortage of cyber-security skills. Different countries, however, reported varying rates, with Mexico reporting the highest percent and the United Kingdom the lowest.

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Security Professionals Make More Money

Because of the shortage of cyber-security professionals, salaries of such professionals are being pushed up. The median cyber-security salary globally is now at least 2.7 times the average wage. In the U.S., the report noted that cyber-security jobs pay a 9 percent premium, or $6,500 more, then other IT professionals.

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Security Skills Shortage Will Continue in 2020

The security skills shortage is not an issue that is confined to 2016. Globally by 2020, 15 percent of cyber-security positions are expected to go unfilled.

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Lack of Cyber-security Skills Makes Companies Hacker Targets

The cyber-security skills shortage is having an impact on organizations. Thirty-three percent of respondents reported that the shortage of cyber-security skills means that companies know they are a target for hackers, as the organization's security isn't strong enough.

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Hacking Competition Helps to Build Skills

There are a number of ways to develop cyber-security skills, among them participation in hacking competitions. Sixty-eight percent of respondents indicated that hacking competitions play either a small or big role in helping to improve cyber-security skills.

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Outsourcing Security Work Is Commonplace

One of the approaches that many organizations are using to handle security is to outsource it. Globally, 60 percent of respondents indicated that their organizations outsource some security work.

It's a good time to work in the technology industry. That's the key takeaway from a new study from Mondo, a professional services organization that analyzed more than 3,000 job placements in the United States over the last year. The company found that, in general, salaries for technology jobs are on the rise, with some professions seeing an annual bump of 7 percent or more. In addition, the Mondo study shows that CIOs and CTOs continue to command six-figure salaries while chief security officers are in high demand. Those considering jumping into the technology field might also consider learning about cloud computing technology. Mondo said that business demand for cloud professionals "has exploded," yet there is a dearth of qualified professionals. That has resulted in companies paying top dollar just to find folks who can work in the cloud. In the following slides, eWEEK digs much deeper...

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